Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Sunday, 23 June 2013

GBPAUD Cyclic Phasing

My phasing suggests that we saw the beginning of a new 54month cycle in March 2013 and we are still in the 1st 80week and 1st 100 day sub-cycles of that initial lift off. Price is way clear of the 1200 day fld and I would expect the return journey to test that line with gusto
The 80week and 100 day regression channels are being pushed at their upper perimeter with an overbought momentum cluster. Even a return to the 400 day fld provides ample room for profit on a return journey to the 100 day low, which is due to the the right there.
It maybe that the 75day low has already been put in slightly early and what looks like an ending diagonal may grind this out a little longer. However long it plays, price will have a destiny with its 100 day low and patience is required to enjoy the spoils here.

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